Sequoia Capital announces three-way split to separate China business
One of the world’s largest venture capital firms, Sequoia Capital, will split into U.S./Europe, India/SEA, and Chinese branches. Go to Source Powered by WPeMatico
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Dispersion Capital launches $40M venture fund to ‘bring Web3 to the masses’
The firm aims to fund startups building infrastructure for Web3 and other decentralized technology projects. Go to Source Powered by WPeMatico
Singaporean family office to set up digital bank in Bahrain
Whampoa Group started its digital asset arm in 2021 and has invested in a $500 million Binance Labs fund along with TikTok parent ByteDance. Go to Source Powered by WPeMatico
OPNX CEO scolds claimed backers after some deny investing in the firm
OPNX chief Leslie Lamb called out a number of venture capital firms on Twitter after some rushed to distance themselves from the company. Go to Source Powered by WPeMatico
VC funding into Web3 start-ups down 82% year-over-year: Crunchbase
Crunchbase noted that while it has been a bearish start for Web3 start-up funding in 2023, “venture funding is down in almost every sector.” Go to Source Powered by WPeMatico
3AC founders’ OPNX exchange claims to be funded by AppWorks, SIG, MIAX Group
DeFi firm Nascent was also claimed as a backer, but it has clarified that it only bought FLEX tokens from the company’s previous incarnation. Go to Source Powered by WPeMatico
LayerZero raises $120M to expand cross-chain messaging efforts
The new funds will be used to increase headcount and expand the company’s presence in the Asia-Pacific region. Go to Source Powered by WPeMatico
First Citizens Bank Acquires Silicon Valley Bank, Costing FDIC Deposit Insurance Fund an Estimated $20B
According to the Federal Deposit Insurance Corporation (FDIC), the troubled bank Silicon Valley Bank (SVB) was acquired by First Citizens Bank & Trust Company, which is based in Raleigh, North Carolina. First Citizens acquired all deposits and loans from SVB, as well as the 17 branches that SVB owned across the United States. Silicon Valley … Read more
European DeFi startups saw 120% increase in VC investment in 2022: Data
Despite the ongoing tumultuous market conditions, VC investments in European crypto startups hit an all-time high of $5.7 billion in 2022. Go to Source Powered by WPeMatico
Venture capitalists bail on Zipmex bailout, company warns of consequences: Report
V Venture, a subsidiary of a Thai shipping company, missed a payment on its $100 million buyout of the troubled crypto exchange. Go to Source Powered by WPeMatico